Royal Bank of Canada set a $75.00 price target on Realty Income (NYSE:O) in a research note released on Friday morning, TipRanks reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

O has been the subject of several other research reports. Jefferies Financial Group began coverage on Realty Income in a research report on Thursday, October 10th. They set a buy rating and a $99.00 price objective for the company. Zacks Investment Research raised Realty Income from a hold rating to a buy rating and set a $83.00 price objective for the company in a research report on Tuesday, October 15th. Stifel Nicolaus boosted their price objective on Realty Income from $75.00 to $80.00 and gave the stock a buy rating in a research report on Wednesday, September 4th. ValuEngine cut Realty Income from a buy rating to a hold rating in a research report on Thursday, August 1st. Finally, Standpoint Research boosted their price objective on Realty Income to $83.00 and gave the stock an overweight rating in a research report on Tuesday, September 3rd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Realty Income has a consensus rating of Buy and a consensus price target of $79.60.

Shares of NYSE:O traded up $0.88 on Friday, reaching $79.47. The company had a trading volume of 1,182,749 shares, compared to its average volume of 1,537,865. Realty Income has a twelve month low of $57.50 and a twelve month high of $79.57. The stock has a 50-day moving average price of $76.21 and a 200 day moving average price of $72.05. The stock has a market capitalization of $25.01 billion, a P/E ratio of 24.91, a P/E/G ratio of 6.17 and a beta of 0.06. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.80.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Realty Income had a return on equity of 4.79% and a net margin of 27.86%. The company had revenue of $365.50 million during the quarter, compared to analysts’ expectations of $344.42 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts predict that Realty Income will post 3.29 earnings per share for the current fiscal year.

The company also recently declared a nov 19 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.227 dividend. The ex-dividend date of this dividend is Thursday, October 31st. Realty Income’s dividend payout ratio (DPR) is 85.27%.

In other Realty Income news, Director A. Larry Chapman sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $75.09, for a total value of $600,720.00. Following the completion of the transaction, the director now owns 14,757 shares of the company’s stock, valued at approximately $1,108,103.13. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Paul M. Meurer sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $75.33, for a total value of $753,300.00. Following the completion of the transaction, the chief financial officer now directly owns 30,468 shares of the company’s stock, valued at approximately $2,295,154.44. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. acquired a new position in Realty Income in the first quarter valued at approximately $243,000. FMR LLC lifted its stake in Realty Income by 151.2% in the first quarter. FMR LLC now owns 812,387 shares of the real estate investment trust’s stock valued at $59,760,000 after buying an additional 488,931 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in Realty Income by 25.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 483,031 shares of the real estate investment trust’s stock valued at $35,533,000 after buying an additional 96,763 shares during the last quarter. Cooper Financial Group lifted its stake in Realty Income by 11.9% in the second quarter. Cooper Financial Group now owns 3,492 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 371 shares during the last quarter. Finally, Weather Gauge Advisory LLC lifted its stake in Realty Income by 1.8% in the second quarter. Weather Gauge Advisory LLC now owns 23,027 shares of the real estate investment trust’s stock valued at $1,588,000 after buying an additional 418 shares during the last quarter. Institutional investors own 70.87% of the company’s stock.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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Analyst Recommendations for Realty Income (NYSE:O)

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